Plan Snapshot
- Plan Sponsor: Crescent Bank
- Sponsor EIN: 721195686
- Sponsor Address: 2121 AIRLINE DRIVE, METAIRIE, LA, 70001
- Plan Type: 401(k)
- Total Participants: 291
- Total Assets: $23.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 291 | $23.0M | $488,056 | $1.9M |
| 2023 | 301 | $21.3M | $801,359 | $2.5M |
| 2022 | 415 | $17.2M | $654,981 | $2.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CROWE LLP | Auditor | $20,125 | — | $20,125 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,125
- Estimated Expense Ratio: 0.087% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $36,874 | $5,612 | — | $20,125 | — |
| 2023 | $23,035 | $6,810 | — | — | — |
| 2022 | $19,669 | $4,809 | — | — | — |